azitaco

azitaco last signed in Nov 21 2009 and has been on Bukisa since Jul 06, 2009.

About Me:

I am professional Chartered Accountant and member of Malaysian Institutes of Accountant (MIA). Currently I am working as Senior Manager- Internal Audit with established Public Listed Company in Malaysia. I have a wide range of experiences in doing audit and accounting works for trading, services, manufacturing and construction industries in Malaysia.

Core competencies include:

Accounting Management
Financial Analysis
Forecasting
Cash Management
Budgeting
Internal Auditing
Cost Reductions
Technology Integration
Regulatory Compliance
Efficiency Improvements

Feel free to visit my blog at http://www.azitaco.blogspot.com/

RISK MANAGEMENT – The Steps of Implementation

Published August 06, 2009 /

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Prior to developing a risk management program, develop a policy statement on risk management. This sends a message to staff about the importance of a risk management program. The policy statement should include the following: The mission of the risk management program (i.e., to reduce risks) The linkage between the risk management

Internal Audit Charter

by azitaco | in Business & Finance > Small Business

1. Introduction This Charter establishes the role and terms of reference of the Internal Audit function within Company.
Credit Policy

by azitaco | in Business & Finance > Small Business

A credit policy is the blueprint used by a business in making its decision to extend credit to a customer.
The importance of sound accounting system to business

by azitaco | in Business & Finance > Small Business

Businesses, irrespective of their sizes should adopt a sound accounting system. What is a sound accounting system? Why is it importance to have a sound accounting system?
Invoices Processing Procedure

by azitaco | in Business & Finance > Small Business

The purpose is to set up the procedures for processing & recording in the relevant books of accounts of all invoices from suppliers of goods and services.
Risk Management Framework - Part 2

by azitaco | in Business & Finance > Small Business

The article explains the following steps of risk management framework to be implementing.
Risk Management Framework - Part 1

by azitaco | in Business & Finance > Small Business

Risk will always exist in an organisation. It describes the possibility of threats occurrences, which consequently would prevent the organisation in achieving their objectives.
Internal Audit Process and Report

by azitaco | in Business & Finance > Small Business

The objective of the Internal Audit function is to independently examine and evaluate the activities and assist the management in discharging their responsibilities, as a service to the Audit Committee. The Internal Audit Department will furnish them with analysis, recommendations, advices and reports concerning the activities examined.
Improving Your Cash Flow

by azitaco | in Business & Finance > Small Business

Cash shortages can prevent you from meeting your financial obligations, and they can make it difficult to plan for the future and expand your company. That's why you should try to improve your cash flow by making some minor adjustments in your business practices. These seven ideas can provide relief and ultimately change your cash flow:
Successful Cash Flow Management

by azitaco | in Business & Finance > Small Business

Cash management is ultimately about cash flow -- and very few small businesses are awash in cash. Even successful, growing companies are vulnerable to cash flow problems because they tend to add employees and inventory rapidly. This may quickly deplete the company coffers and lead to cash shortages.